Western Banks Scramble As China's "Rehypothecation Evaporation" Goes Global

My take:  rehypothecation means physical inventory has been grossly overstated that will be ultimately bullish long-term, but may be bearish short-term as market participants question the credibility of said inventory levels.

It also aligns perfectly with a global push to suppress prices of tangible assets in order to obfuscate currency debasement of all fiat sovereign currencies.

http://www.zerohedge.com/news/2014-06-07/western-banks-scramble-chinas-rehypothecation-evaporation-goes-global